The fact is that many car dealers in Vancouver decide not to deal with Non-prime lenders. sub prime loans require more effort than regular loans in the sense that the distributors are responsible for more documentation and ensure that documentation is correct and verifiable. If something goes wrong in the documentation process, the contract is sent back to the dealer and the dealer has the contract for the car. This means that the seller must collect monthly payments from customers and dealers do not want to.
As a buyer bad credit auto loan, it is important to realize that just because a dealer to sell cars that passed within 20 miles does not mean that the distributor has the type of cars. A car dealer inventory new and used must also be adjusted by sub prime loans. Vehicles in the inventory must meet lender guidelines in terms of mileage and year. Vancouver used must also be purchased at or below the wholesale bit as subprime lenders based on their “progress” (the amount financed) in these figures. New cars must also be within a certain price range because of bad credit lenders doing business in Vancouver are very strict about keeping your car payment in a budget range. Without the right inventory, the distributor can not sell any cars in the lot to sub main customers.
Besides the problems of documentation and inventory, which is the large number of sub prime lenders licensed to do business in the Greater Vancouver area and the complexity associated with understanding the different programs they offer. Most sub prime lenders Canadians have at least five “tiers” of programs and each program can have its own set of requirements. Without a special finance department knowledge, monitoring of lenders and programs is impossible.
The solution to the problem of finding car loans for people with bad credit in Greater Vancouver is to use our extended services in the source automatically. We have helped thousands of Canadians with bad credit, stained, beaten and spotting buy cars and restore your credit at the same time. We have a network of affiliated dealers who specialize in auto loans for people with bad credit in British Columbia and the rest of Canada.